OpenPayd partners with Ripple to expand cross-border payments

OpenPayd, a financial infrastructure provider, has partnered with Ripple, a digital asset infrastructure for financial institutions, to develop scalable and compliant payment solutions for enterprise clients.

Under the agreement, OpenPayd’s global fiat infrastructure, which includes real-time payment rails, multi-currency accounts and virtual IBANs, will now support Ripple Payments for transactions in euros and sterling.

Ripple Payments uses blockchain technology and digital assets, alongside an international network of payout partners, to facilitate cross-border payments and on/off ramps for banks, crypto businesses and fintech firms.